Vietnam’s wood industry is strong at manufacturing but has yet to master markets, so it’s time for businesses and associations to hold large-scale trade promotion events to attract buyers in the long term, insiders have said.

The People’s Committee of Da Lat city, a popular tourist destination in the Central Highlands province of Lam Dong, has issued a plan to develop the local night-time economy with an aim to boost its economic growth.

Strengthening relations with Singapore is set to have a positive effect on the investment and business environment of Vietnam, according to Singapore’s website sbr.com.sg.

Domestic garment and textile enterprises are racing to recruit more labourers, especially skilled workers, to fulfil their orders of high-quality products, according to the Vietnam Textile and Apparel Association (VITAS).

The Ho Chi Minh City Export Furniture Fair (HawaExpo) 2023 is scheduled to take place from February 22 to 25, opening a series of trade promotion events in the wood sector this year.

Prime Minister Pham Minh Chinh received leaders of Standard Chartered in Singapore on February 9 as part of his official visit to the city state.

The Trade Office of Vietnam in India held a webinar on February 8 to update Vietnamese businesses about regulations and procedures for opening branches in the South Asian country.

A flight of Vietravel Airlines departing from Tan Son Nhat International Airport in Ho Chi Minh City landed at Suvarnabhumi Airport in Bangkok at noon on February 9, marking the airline's first commercial route linking the two major cities of Vietnam and Thailand.

Although significant challenges remain for the economic and investment environment in Vietnam, there are still opportunities for investors to increase profits through investment channels if they know how to restructure their portfolio, experts have said.

Vietnam’s exports to the European and American markets will continue to benefit from free trade agreements (FTAs) that Vietnam signed with partners in the regions, said Ta Hoang Linh, Director of the Europe-American Market Department under the Ministry of Industry and Trade.

Vietnamese fruits have been introduced at the Fruit Logistica, the world largest fruit and vegetable exhibition in the world, that is underway in Berlin from February 8-10.

The increased inflow of investment from foreign investors into Vietnam’s electronics industry is expected to create a positive outlook for the country’s exports of computers, electronic products, and components in the time to come.

Another Aeon Mall, covering an area of over 8 hectares, will be built in Dai Kim and Thinh Liet wards of Hanoi's Hoang Mai district.

Vietnam is still a magnet to Singaporean investors thanks to the two countries' similarities in market openness, their same direction for sustainable development, and their joining in free trade agreements (FTA), experts have said.

Counsellor and head of the trade office of the Vietnam Embassy in India Bui Trung Thuong participated in the India Energy Week and the 9th Asian Ministerial Energy Roundtable (AMER9) which ran from February 6-8 in India.

The State Bank of Vietnam set the daily reference exchange rate at 23,626 VND/USD on February 9, up 2 VND from the previous day.

Hanoi is set to become a globally-connected city with high living standards and quality of life, according to a new plan that aims to raise the Gross Regional Domestic Product (GRDP) per capita to 36,000 USD by 2045.

The Civil Aviation Authority of Vietnam (CAAV) has received feedback on the fact that passengers have to buy air tickets higher than the specified prices on domestic routes, especially during the peak of the Lunar New Year (Tet).

The State Treasury raised 32.8 trillion VND (1.39 billion USD) worth of Government bonds, or 96.56% of the total G-bonds on offer, via eight auctions on the Hanoi Stock Exchange during January.

Prime Minister Pham Minh Chinh’s official visit to Brunei from February 10-11 is expected to open up more cooperation opportunities between the two countries.